Author: Automotive News n Feed

Canadian auto parts maker Linamar posted a 22 percent increase in quarterly profit, helped in part by the acquisition of France’s Montupet last year.

FCA diesels still on hold; Senate Dems: Keep Obama fuel-economy rules; Falling short of CAFE?; No fast action on NAFTA; Toyota C-HR’s youth-friendly price; Electric Porsche Macan?

AutoGravity and Black Book have teamed up to offer consumers and dealers a trade-in value tool through AutoGravity’s mobile app and web platform. The tool went live on Tuesday.

Santander Consumer USA, the lender behind Chrysler Capital, is heightening scrutiny of its dealership partners, saying it wants to end relationships with some stores and deepen successful ties with others.

An EPA watchdog agency plans to review whether the agency’s internal controls are effective at detecting vehicle emissions fraud.

While leasing continues to drive new-vehicle sales, it’s growing at a slower rate than in recent years. Edmunds expects lease penetration to decline to 30 percent overall in 2017, from a record high 32 percent in 2016.

Lenders are trying to determine the impact of technology throughout the car buying, financing and ownership process and how it will affect their business.

Scott Karchunas, president of Protective Asset Protection, says dealerships’ long-term business models can work in conjunction with online sales and financing tools and align with consumers’ car-buying visions.